If MERS is just a deceptive trade operation run by its unsupervised
20,000 members feeding a “tracking” system why are we even arguing over
its importance still?
What good is any "recording" system where Banksters can enter directly
into it? (HELLO, IT'S WORTHLESS)
We have to protect the original note and mortgage and the arms length
closing agents need to assume more resposibility. Closing agents need to be
responsible for "recording" and forwarding original notes and mortgages
to a secure government storage facility where banks can't destroy or
alter them. (THERE ARE NO OTHER ALTERNATIVES THAT WILL WORK)
Why don't you have a real productive meeting with Senator Corker's and organize
the players with real solutions that make a difference so we can make a
baby step forward after 4 years! Reach across the aisle and invite people
like Beau Biden & Eric Schneiderman & Martha Coakley & Garfield Continuum Elizabeth Warren etc... One powerful meeting
and watch the excitment you generate in the USA.
All the players that care need to work together and change will happen fast.
Yes NAILTA needs to market solutions through demands and
networking. You are the perfect organization to take charge of this mess.
Upon information and belief, over one third of residential mortgages in
the state of Delaware are recorded in the name of MERS, rather than in
the name of the bank, trust, or company that actually owns the mortgage
debt. What good is a “recording” system that sets up deception?
Once you become a member of MERS you provide a list of certifying
officers. These approx. 20,000 “member employees” acting on behalf of
MERS are really employees of another entity. At what point are we going
to decide that all deception is going to be eliminated including MERS
the deception machine?
We are so desperate for a computer recording system that incorporates
proper links to closing agent documents, chain of title, property tax
and any insurance on the loan, if the loan has been paid off, how many
times the same loan has been paid off. The system needs to
incorporating a code system at the bank like US customs that allows
bank investigation at the click of a button. (not 2
years after a problem surfaces ask the bank to self investigate and
tell us what they are doing wrong) All this does is tell the public
that there isn’t a system even set up to regulate the banks yet. We
need the public to stand up and say, Why is this crucial information
not available? Computer information systems in the US have only improved with time
so why has tracking land records regressed so badly? Why have we done nothing to fix
the problem? We need to have whom ever wrote the software for US
customs, Ebay and Ancestry.com to present a software program that is
transparent, linked, user friendly and provides transparent mortgage
and note information that can’t be altered. This is a software,
transparency, regulating issue that is easy to fix due to our advanced
computer technology ability. MERS is not the problem or the solution
but merely a symptom that we are fixated on for some reason that has me
totally baffled. It is a national problem that is being delt with on a
local level that will drag this stupid issue out for years with mixed
results in every county. If this wasn't so sad it would be funny.
Why is it easier to trace a 50 cent used item on ebay after the sale
than it is to trace a current million dollar promissory note?
Why is it easier to trace a container arriving in the USA and everything in it
than it is to trace a million dollar promissory note? (ANTIQUATED COMPUTER
TECHNOLOGY) Please ask Senator Corker what government agency is fast at work fixing the technology
problem that is preventing a chain of title at the click of a computer button.
Check out this MERS case
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
STATE OF DELAWARE,
Plaintiff,
v.
MERSCORP, Inc., a Delaware corporation, and
Mortgage Electronic Registration Systems, Inc.,
a Delaware Corporation,
Defendants.
I'm just curious when are we going to fix the first problem in the
mortgage mess? I have a lot more solutions if you want to invite me. :-)
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